笔记书163页右上角这个discount rate和investment return rate怎么影响liability，看不懂

笔记书163页右上角这个discount rate和investment return rate怎么影响liability，看不懂

老师，折现到底是用单利还是复利啊？

請問這題這樣寫是否足夠 Approach 1: the approach that Sili takes is mortality table. The mortality table approach is to take the probability of living and spending needs into account at the same time. According to the approach that sili used, he estimate the probability of living and the PV of retirement spending needs which matches the description of mortality table approach; Approach 2: the approach that Sili uses is annuity pricing. The pricing strategy is to estimate the expected spending need and derive the amount of capital needed. The approach Sili used is to estimate the PV of payments after the retirement, which matches the description of annuity pricing approach; Approach 3: the approach that Sili uses is Monte Carlo simulation. The simulation is to estimate the probability of distribution of possible results. The approach used by Sili is to models the uncertainty of each key variable individually by assigning each one its own probability distribution and obtains a large number of rand

請問這題這樣寫是否足夠? Determine the client segment or adviser type that is most appropriate for each stage of Sili’s plan. Justify each response. 1. Stage 1: this stage belongs to robot-advisor. The client’s asset value is below $250,000 level and the client construct his portfolio with ETFs, Mutual funds, and low-cost alternatives; 2. Stage 2: this stage is a mass affluent segment. The client’s asset is between $250,000 to $1mn and the client starts having a need for financial plans; 3. Stage 3: this is stage is a high-net-worth client. The client’s asset is between $1mn to $10mn and the client has specific financial services; 4. Stage 4: this stage is ultra-high-net-worth. The client’s asset is above $50mn and the client has needs for highly customized financial services.

百题 ss2， case3 第五题，计算return为什么不把15 May的capital contribution 从ending fair value中减去呢？

請問有關於這題goal achievement, process consistency, and portfolio performance 這樣寫可以嗎? goal achievement. 1. The manager is successful to achieve the goal because the portfolio achieved a better-than-expected return with an acceptable level of risk; 2. According the capital sufficiency analysis, the portfolio is likely to meet the client’s need. process consistency. 1. The portfolio has consistently delivered a desired result over the investment horizon, which suggests the manager achieved the goal based on the skills; 2. The manager followed the investment guideline stated in the IPS in terms of rebalancing the portfolio and communicating with the client. portfolio performance. 1. The portfolio delivered a better-than-expected result because the return is higher than the target and the expenses are reduced.

下图画线部分, 老师能不能帮我举个例子? 这句话前半部分我能理解, 后半部分倒是可以理解, 但是想不出是在什么情况下. 谢谢

右下角补充部分，感觉课上没有讲

右下角补充部分，感觉课上没有讲